Former school building converted into residential apartments

A historic former school building in Sunderland is to be transformed into luxury apartments in a project supported by a six-figure funding package from Lloyds Bank Commercial Banking.Seaham-based property developer Clearwater Developments is to convert St Cuthbert’s Hall, the main building of the former Sunderland High School, which closed in 2016, into 15 apartments with 24 parking spaces.The development will feature two-bedroom apartments with an approximate floor space of 1,080 sq ft.St Cuthbert’s is Clearwater’s second project at the former Sunderland High School site. In January 2018 it completed a similar conversion of the school’s Centenary Building into nine apartments, with support of an additional six-figure development finance package from Lloyds Bank. Clearwater Developments expects to generate £2m in revenue from the project, which will boost its turnover this financial year by 25 per cent, and plans to reinvest its profits in future North East developments and hiring additional staff.